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20250925 SEDC Board Reg MtgSCHHERTZ ECONOMIC DEVELOPMENT CORPORATION MINUTES REGULAR MEETING SEPTEMBER 25, 2025 6:00 PM The City of Schertz Economic Development Corporation (SEDC) Board of Directors held a regular monthly meeting on Thursday, SEPTEMBER 25, 2025. at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. The following members present to -wit: Present: Bill Dixon, Board Vice President Eryn McElroy, Board Secretary Mark Moody, Board Treasurer Bryan Jones, Board Member Ray Chavez, Board Member Sharon Denson, Board Member Matt Clingo, Board Member Staff present: Scott Wayman, Executive Director Brian James, Deputy City Manager Amy Madison, Deputy Director Ashley Ritchey, Business Engagement Manager Kari Baker, Administrative Assistant Attendees: Sheree Courney, Deputy City Secretary Call to Order 1. Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation. Vice President Bill Dixon presided over the meeting and called it to order at 6 pm. 2. SEDC Board Member Oath of Office for re- appointments to the Schertz Economic Development Board by the Schertz City Council on 9/16/25.(5. Courney) • Eryn McElroy, Term Ending 9/30/27 • Reynaldo Chavez, Term Ending 9/30/26 SEDC Agenda September 25, 2025 Page 1 of 4 Sheree Courney, Deputy City Secretary administered the Oath of Office to Eryn McElroy and Reynaldo Chavez. Vice President Bill Dixon discussed Mark Moody vacating his seat which he has held on the SEDC Board from 6/01/2021- 09/30/2025. Bill thanked Mark for his years of service. 3. Introduction of newly hired Schertz Economic Development Staff as of 09/08/25 • Karl Baker, Administrative Assistant Scott Wayman gave a brief introduction of the Administrative Assistant for EDC and a little background information about the new staff member. Hearing of Residents This time is set aside for any person who wishes to address the Board. Presentations should be limited to no more than 3 minutes. The presiding officer will call on those persons who have signed up to speak. No residents signed up to speak. No comments were made. Consent Agenda 4. Approval of the Minutes for the Board of Directors Regular Monthly Meeting held August 28, 2025. (A. Madison) Vice President Bill Dixon called for a motion to approve the SEDC Board Meeting minutes for August 28, 2025. Bryan Jones moved to approve, Sharon Denson seconded. Motion passed, unanimous; 6 -0. Discussion Only 5. Presentation and discussion regarding the SEDC monthly financial statement for the month of August 2025. (S.Wayman) Scott Wayman, Executive Director gave a brief overview of the SEDC Financial Statement for August 2025. August 2025 sales tax received was $1,229,652.88, a 116.2% increase over the prior year, and expenses were $21,066.48. The 12 -month rolling average is 38.8 %. Notable expenditures include Costar Realty Info, RESIMPLIFI Inc., Blur Horizon and American City Bus Journals Inc. Board asked for clarity on how SEDC uses the CoStar program. Scott Wayman explained that SEDC uses CoStar Realty Information to provide listing information for commercial properties for sale. Total cash and Investments at the end of August was $39,264.798.45. Mr. Wayman also gave a brief overview of the Reserve Fund Model. SEDC Agenda September 25, 2025 Page 2 of 4 Discussion and Possible Action 6. Resolution 2025 -7 — Authorizing the City of Schertz Executive Director to execute a First Amendment to the La Palapas Schertz Performance Agreement to restate the legal entity as Las P Schertz Operations, LLC. (S. Wayman) Vice President Bill Dixon opened the discussion and introduced Scott Wayman, Executive Director. Wayman provided an overview of Economic Development Agreement's First Amendment authorizing the Executive Director to restate the legal entity as Las P Schertz Operations, LLC. Following the presentation, Vice President Bill Dixon moved to approve Resolution 2025 -7, seconded by Bryan Jones. Motion approved unanimous; 6 -0. Closed Session 7. Called in accordance with Section 551.087 of the Texas Government Code, Deliberation Regarding Economic Development Negotiations; Closed Meeting. The governmental body is not required to conduct an open meeting (1) to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to a business prospect. • Project E -107 • Project E -110 Start time: 6:15 pm End Time: 7:07 pm Vice President Bill Dixon reconvened into Open Session at 7:07pm Reconvene to Regular Session S. Take any actions based on discussion held in closed session under Agenda Item No. 7 No actions were taken based on discussions held in closed session. SEDC Agenda September 25, 2025 Page 3 of 4 Requests and Announcements • Announcements by staff. SEDC Regular Board Meeting October 23, 2025 at 6pm. • Requests by Board Members to place items on a future SEDC Board Meeting agenda. No requests made. Adjournment Vice President Bill Dixon adjourned meeting at 7:08pm MINUTES PASSED AND APPROVED THIS 2 �) rOL DAY OF 2025. William Dixon, Beard President ATTEST: Reyn do Chavez, Board TreasumVY SEDC Agenda September 25, 2025 Page 4 of 4